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Module 1

The Language and


Tools of Financial Analysis

The Balance Sheet 2: Liabilities


(What the company owes)
Presenter: Paul Kofman

Balance Sheet

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header is used. Kellogg's 2014 ($USD millions)

Assets 15,153 Liabilities 12,302

Equity 2,851

15,153 15,153

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Liabilities

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Current Liabilities

Liabilities summarize what the company owes.

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Some liabilities are short-term, that need to be
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repaid within one year:

Current liabilities

accounts payable

short-term debt

current obligations on long-term debt

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Accounts Payable

Invoice

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Short-term liability

Bank loans

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Non-current Liabilities

Other liabilities are fixed or long-term debts:

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Non-current liabilities
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long-term debts

pension liability

other

Long-term liability

Bonds

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Source list
Slide 2: Consolidated Balance Sheet, University of Melbourne. Prepared by Indika Lovell & Thomas Szoka. Sourced from
data contained within Item 8. Financial Statements and Supplementary Date Consolidated Balance Sheet, p 39 Kellogg
Company Annual Report 2014, 25 February 2015 (http://investor.kelloggs.com/files/doc_financials/annual_reports/K_2014-
Annual-Report_v001_q725z5.pdf).
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Slide 3: Liabilities & Balance Sheet, University of Melbourne. Prepared by Indika Lovell & Thomas Szoka. Sourced from data
contained within Item 8. Financial Statements and Supplementary Date Consolidated Balance Sheet, p 39 Kellogg Company
Annual Report 2014, 25 February 2015 (http://investor.kelloggs.com/files/doc_financials/annual_reports/K_2014-Annual-
Report_v001_q725z5.pdf).

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